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JetPay Payment Services names Jeffrey Tourek EVP, sales

11 March 2014

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Source: JetPay Payment Services

JetPay Payment Services, a division of JetPay Corporation ("JetPay" or the "Company") (JTPY) is pleased to announce the appointment of Jeffrey S. Tourek as Executive Vice President and National Sales leader.

Mr. Tourek comes to JetPay from Heartland Payment Systems where he was Executive Director for Major Accounts. His addition is part of the Company's efforts to increase its national presence among all of its product lines. This effort has included the addition of Ralph Bianco as General Manager for JetPay's prepaid card programs; the Company's hiring of Wayne Hart to head National Sales for JetPay Payroll Services; and the addition of a National Sales Manager for JetPay Card Services to be announced later this month.

JetPay Corporation is a nationally recognized payments processor for all major payment cards, with vertically integrated services for businesses that include prepaid debit cards, payroll services and related payroll tax filing, and human resource management. JetPay offers a unique blend of hi-tech transaction processing with customizable solutions for a wide swath of business needs. Customers of JetPay include businesses, banks, Independent Sales Organizations ("ISOs") and Value-Added Resellers ("VARs"). JetPay Payment Services' technology platform handles all types of payment transactions including swiped cards at the merchant, mobile payments, and large internet card-not-present businesses.

The addition of Mr. Tourek brings another highly experienced payments professional to the JetPay team. After completing his education at the University of Minnesota, Jeff held various sales positions including a stint with American Express and two different opportunities with First Data Corporation, where he eventually became Vice President of National Sales. Jeff's experience also includes directing business development and strategic relationships for Global Payments, Inc. and leading the Midwest commercial sales team for Bank of America where he expanded their product sales in payroll cards, ecommerce, and business-to-business sales. Immediately prior to joining JetPay, Jeff was Executive Director of Major Accounts for Heartland Payment Serviceyeyment Services, where he assisted in building their national sales with a focus on large merchants in the retail, travel and entertainment, ecommerce, supermarket and petroleum vertical markets.

Bipin C. Shah, Chairman of JetPay Corporation, to whom Mr. Tourek will report, has this to say of his arrival: "Jeff brings a strong skill set to our team, including his proven management style and his track record in motivating a sales team. I expect immediate, positive results from his arrival." Trent Voigt, CEO of JetPay Payment Services, added: "Jeff brings in-depth experience in building national sales teams and targeting business segments that can benefit from JetPay's expertise in payments. With his broad-based knowledge of our industry, he will be a valuable asset to JetPay Corporation as a whole, particularly in cross-selling of prepaid cards and payroll processing services."

Mr. Tourek describes his initial focus this way: "JetPay has a unique business model which is the most flexible, strong, and responsive in the payments industry. It is a one vendor model that covers virtually every important financial transaction that a business requires. I am excited to bring this message to a nationwide audience in the coming months and to build our team of specialists to serve our customers."